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three weeks left before the u.s. goes over the fiscal cliff. >>> italian shares are down nearly 3% this morning. for the most part, it is bank stocks leading the way down. we're now down about 2.76% on the ftse mib. bank stocks have been hit particularly hard this morning. earlier, we saw shares down 5.6%. we're seeing the same thing, whether it's bmps hitting session lows down nearly 6% comes amid concerns about leadership and economic reform in italy following mario monte's announcement that he'll resign once the budget has been passed. this move is likely to bring the country forward to elections next year. the italian prime minister has offered no clue as to whether or not he will run and it comes after sylvia berlusconi declared over the weekend he would throw his hat in the ring for the job of premier. carolyn ross is in italy following the details there. can you walk us through the time frame here? when are we expected monte to step down? what happens next? >> good morning to you, kelly. here is the time frame for you. over the next few weeks, we're expecting the budget sta
have the capacity as a u.s. military to have policy as well. that's a global capability. but that means that they respected the choices that are made by other powers we want to sustain a presence in the asia-pacific. same to is the middle east. as you look at these different areas i think that there are terrific opportunist who engage with china on each of them. and to fundamentally ask the question and try to answer the question secretary clinton and state counselors have been engaging for some time, and that is can we get a better answer than we have had in the past two how a new rise in power comes to the international system. and can we do so without running significant risks or indeed fall into conflict. >> thanks. please. >> i agree with everything the undersecretary has said your, and, in fact, admiral sam locklear underscore those pushes a couple days ago in australia. talking about engagement and that strategic trust. but it's interesting that the chinese tend to look at the american, ma asia pacific give it a sort of a continuing strategy. which speaks to the inability to real
a collaborative flee to support the u.s. efforts and what is a very challenging and dynamic security humanitarian and diplomatic context. thank you very much for your testimony. we will take a brief break while the second panel comes. >> we would like to now turn to the second panel one today's hearing about mali and the path forward. our second panel will include mr. niikwao akuetteh and joining us live this is our first attempt at live testimony by google [inaudible] i suspect nobody has testified by this, the thing i didn't know existed. so my thanks to the technical assistance and the policy support of several very capable folks who made this happen. dr. fomunyoh you may begin and we appreciate your testimony today >> thank you, chairman to an and ranking member isaacson pivot on behalf of the national democratic institute, have the opportunity to discuss the political developments in mali. today crisis is two-thirds of the country which is humanitarian and has admitted for under 50,000 people. the political uncertainty in the capitol and the severe food shortage that is affecting the entire
.n.'s office on drugs and crime, the u.s. gun homicide rate is 30 times that of france or australia. it is 12 times higher than the average for other developed countries. why is that? if psychology is the main course, we should see that we have 12 times as many psychologically disturbed people as the oecd average. we don't. in fact, america takes mental disorders seriously, treats them and doesn't stigmatize them. we do better in this area than most of our peers. is america's popular culture much worse than other rich countries? not really since it's largely the same popular culture worldwide. england and wales, for example, are exposed to virtually identical cultural influences as the u.s. yet, their rate of gun homicide is some 3% of ours. the japanese are at the cutting edge of the world of video games, yet the u.n. puts their gun homicide rate at close to zero. why? well, they have one of the most restrictive series of gun laws in the world. when looking internationally, it is obvious that the one feature of america that would explain why we have so much more gun violence than the rest of
for the presidential race. walker won the first governor in u.s. history to survive a recall election. and another nod to a republican governor. >> i cannot thank the president enough for his personal concern and compassion for our state and for the people of our state. >> reporter: new jersey governor chris christie's full-on embrace of president obama for helping sandy-ravaged new jersey came days before the election and had no noticeable effect on the presidential race, but some republicans think christie didn't have to be that efuse sieve. they'll remember if his name pops up in 2016. >> if it's a legitimate rape, the female body has ways to try to shut that whole thing down. >> reporter: from the say what category of entries comes a combo team, missouri senate candidate todd akin and richard murdoch of indiana. >> life is that gift from god, and i think even when life begins in that horrible situation of rape, that it is something that god intended to happen. >> republican dreams to take control of the senate in 2012 had dwipdalled throughout the year, but akin and maur dock pretty much shut that
it is manufacturing, but is there really a demand question about apple's products that is a real one? >> not in the u.s., but there could be some questions about china, remember that report from steve milanovich? he said apple needs to come up within some real innovations, you need to have some clarity on the pipeline, and you need geographic -- clearance to go into china? yes, it got it with two of the smaller carriers. china confirms talks with apple. but the problem here, he says tech is not an issue, it's mainly about the business model and benefit sharing issues. that could be a problem. >> he is also playing the part of what many analysts are doing, which is let me explain why it's going down, in the same way that the death cross, i always love the death cross, this is a technical term. i can think of a million reasons to sell it. the only reason i want to own it is because it makes the best products in the world and it's inexpensive. >> that's a lot of people looking at the chart. >> look again, the people who own apple, they were the ones who owned it because it was going up. it reminds me very
.5%. parts of the u.s. will get a white christmas or more. tcheer storm watches have been issued for parts of arkansas and oklahoma. california is already getting wet. carter evans has the forecast. >> reporter: it's been bad enough. cars buried if they could move at all in the midwest. in california's sierra nevada, up to five feet of snow could fall. that's great news for skiers. >> we love the snow. c reporter: not for holiday fliers. >> the only option we have is to drive. >> reporter: the most violent y beher may be yet to come. and the timing couldn't be worse. >> it's going to be happening on christmas day and while people are with their families, it looks like we're going to see a widespread severe weather ons reak across portions of the southeast and we could see multiple tornadoes. >> reporter: which concerns this meteorologist is the developing weather pattern is much like the one that caused deadly tornadoes in alabama during the spring of 2011. this new storm could also bring snow as far south as dallas. >> this is going to be a real white christmas, not just an inch of snow.
sectors. equities is kind of a global shorg an board, if you will. but they like the u.s. best. and in currencies, blackrock is all about being a dollar bull. so where specifically are they putting all that money to work in light of fiscal cliff? take a listen to what bla blackrock's robert casid 0 to me. he manages the firm's $3.7 trillion in assets. >> does this mean we good over the fiscal cliff. >> it is a very high likelihood it does or 11:59 on december 31st with a lot of hoopla. but tax rate are going to go up. there is a going to be a conclusion to this. even if it waits until the last minute. even if it is in january, what it is going to mean is slow growth. it may mean that we lose the entire first quarter because everybody is still worrying and talking about the issue. and here we go, clients again, investing in a time when they need to be invested. >> he also thinks if we go over the cliff it might trig ear recession. what about the fed? as you know, it announced those big moves today. tying any move in rates to the unemployment rate. are we in a bond double? we wil
intervention, more than half say the u.s. and other countries should not send military planes and missiles to help the opposition fighters set up a safety zone. >>> in kabul earlier today an afghan police officer shot and killed an american contractor. this was inside police headquarters. this attack comes just a day after five afghan police, they were killed by their commander who police say was a taliban infiltrator. more than 50 have been killed by inside attacks this year. barbara starr, this is one of the main concerns as you know of the police of the forces, the international forces inside of afghanistan. you've got these rouge actors that infiltrate and are a part of killing what they -- these inside killings, the green on blue and blue on blue. tell us what happened. >> there's very little information available so far, suzanne. as you said, someone in an afghan police uniform. what is so interesting about this tragic incident is it was a woman in an afghan police uniform. whether she was a member of the afghan police or perhaps an infiltrator that stole the uniform somehow i think
on trumped up charges. so why isn't the u.s. government stepping in eric has that story up next. ♪ ♪ ♪ ♪ >> eric: welcome back. now to a story we had been all over had we not been busy covering the tragic connecticut massacre. marine hammer held behind bars in a mexican jail for four months. he and a buddy were headed to mexico to hunt and fish. they brought a gun with him in a r.v. and hammer was told by the agent to declare the rifle to mexican agents, which he did. at that time, hammer was arrested. that was august. this is a u.s. marine, change to a bed in a mexican prison. disgusting. now listen to his parents. >> this is wrong. do the right thing. he should be released mealy. she not a gun runner. you know it. >> eric: where is eric holder? he had zero problems to get guns to drug lords. madam secretary, and mr. holder, free this marine now. the least you can do. where are hillary and holder? >> bob: the suggestion that they are in a position to free them. the mexicans have to make that decision. keep in mind, we put all kind of pressure on the mexicans about their
questions from the audience. hosted by the u.s. chamber of commerce this is just under an hour. >> thank you very much. thank you, everyone, for being here this morning. especially those who traveled to be with us. it's nice to close the doors from the rest of washington and the fiscal cliff debate for a little while and talk about fiscal challenges elsewhere. whether it's a good news or bad news, at least it gives us an opportunity to talk about something a little bit different than the news of the day in this final two weeks, i think, before hopefully congress finds an opportunity to either avoid or move or solve some of the fiscal cliff issues and fiscal challenges that we face. and thank you for dick gravich and the work of the panel and the commission he co--led. there are copies of that report that were available when you came in. it's an excellent document that i really encourage everyone to take a close read. it's filled with good analytics in terms of what's going on on the state level. to help us understand. and i fully agree, dick, with your comments earlier about the disconnect.
and david faber. we're live from post 9 at the new york stock exchange. a vacuum here in terms of u.s. economic data. none on top today. we're looking at a flat open across the board. as for europe, movement there. the buyback of greek debt will in fact work. we're seeing just fractions of a percent in terms of changes there. our road map this morning starts with the latest in the fiscal cliff negotiations. the white house promptly rebuffs the gop counterproposal which calls for $800 billion in new tax revenue but without tax rate increases for the wealthy. could this tax issue deadlock the talks? >>> bank of america ceo warns the cliff must get stalled or the economy could be stifled well into 2014. >>> even more dividends pushed into 2012. coach, american eagle moving up and oracle will play out three-quarters of dividends this year. >>> more strength in housing this morning. toll brothers earnings top expectations. we'll begin with the fiscal cliff. governors are set to meet today with the president and congressional leaders. governors are concerned about the impact of deficit redu
nearer and the u.s. goes over it. >> can we expect any other lobbyists, any other lawmakers to step up to the plate and kick start negotiations? i mean, what about senate minority leader mitch mcconnell? >> well, the thing at this point -- and i'm told by sources -- is that there really are no negotiations going on between senator mitch mcconnell, the republican leader in the senate and senate majority leader harry reid who is actually in hawaii today for the funeral of daniel inouye and is on his way back to washington. it would really come down to the senate doing something. the way democrats see it, there's a possibility that senator mcconnell might allow this bill that i mentioned that already passed in july with the threshold for tax hikes being at the $250,000 level, that he might sort of allow democrats to say okay, the house has to take this or if there is some sort of vote on another measure that while mitch mcconnell would be unlikely to personally support it, perhaps he might let some of his republican senators do that. now, this is sort of thinking coming from democrats. th
jobs by the hundreds of thousands in the 1960s and early '70s, the largest industrial cluster in the u.s. in the 1950s was not automobile production in detroit, it was garment production in new york city, and that sector was decimated by globalization and new technology. the city had been caught in a spiral of disorder, rising crime rates, racial conflict just like here in boston, and the fiscal situation had gotten out of control with budgets that were far too high for the city to afford. it looked as if new york was going to go back to the weeds, right? this is an image of jimmy carter wandering through the wasteland that the south bronx had become, and it really seemed as if the planet of the apes image of the statue of liberty rising from the sand, that that was plausible. that, in fact, these cities were things, you know, whose time had come and gone. in part, the future of the city seemed so dim because their original reasons for being had largely disappeared. if you think about every one of america's older, colder cities, they were all part of solving a transportation problem. the
, a u.s. investigation finds more evidence about how walmart used payoffs allegedly in mexico to advance its gold down there. it's tuesday, december 18th, 2012. "squawk box" begins right now. >>> good morning, everyone. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. our guest host this hour is julia sed. fiscal cliff negotiations, our top story. now president obama is proposing leaving lower tax rates in place for everyone except those earning $400,000 and above. that's above the $250,000 threshold that the president has been demanding for months, but it is still far from speaker john boehner's request of $1 million. a source familiar with the talk says this is by no means the final offer for the white house. the move by the president was welcomed, albeit with some reservations. we will talk about the latest developments in just a few minutes. in the meantime, the global markets seem to be taking note of the optimism. you can see right now that those dow futures are up by 54 points. this comes after a decent rally for the markets yeste
's take a look at the u.s. futures set up for the open first of the week. dow looking at about 50 points right after the open. as for the action in europe, taking its cues from the united states. we'll see a big rally in china extending one of its biggest rallies in three years. we have a mixed bag in europe with italy up by about .2 of 1%. >> we'll do our best to keep focused on the business day. we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionaires. could this be the tipping point. moving the talks beyond deadlock. >> a big week for earnings. yes,
clinton made a huge statement today. but the u.s. has to be the leader on syria. >> there are human rights abuses ploding all over the world. in uganda there is a bill that is a homosexual bill that would make those acts punishable by death. >> right here we are working on the farm worker's bill. >> as a kennedy, what do you make of what is going on in washington? >> well, i think it is very, very hard with the tea party. they came to washington to destroy it. >> the american people have spoken and everybody missed teddy. he was great friends with people on both sides of the aisle. >> the rfk center, let's turn to more cheery things. >> if you are watching, get out there and get on that website and bid higher. there is a signed taylor swift guitar. and fly fishing. >> and it is a great cause. www.charitybuzz.com. and finally, let's come to this car accident that you had. because it was a strange case where you had taken an ambien sleeping pill in the morning. >> yes, i reached for my thyroid medication and took the wrong pills. i was on my way to the gym and got into the car and got into a
purposes is expressly prohibited by the u.s. house of representatives.] the speaker pro tempore: the yeas are 229. the nays are 182. 2/3 not being in the affirmative, the rules are not suspended and the bill is not passed. the speaker pro tempore: the chair lays before the house the following personal requests. the clerk: leaves of absence for mr. griffin of arkansas for the week of december 11 and mr. reyes of texas for today and for the balance of the week. the speaker pro tempore: without objection. the requests are granted. the speaker pro tempore: the house will be in order. the speaker pro tempore: members and staff, please remove your conversations from the floor. the speaker pro tempore: the house will be in order. the chair will entertain requests for one-minute speeches. for what purpose does the gentleman from massachusetts rise? >> address the house for one minute. the speaker pro tempore: the gentleman is recognized. >> mr. speaker, earlier this year -- mr. frank: i was critical on actions taken by the republican leadership regarding sponsorship of a bill. it's not my intenti
shootings in u.s. history. >> tragedy at sandy hook elementary. >> this is unspeakable what happened in this town. >> innocent children shot dead in their classrooms. the victims? 16 6-year-olds, 4 7-year-olds along with six adults. >> emilie's laughter was infectious and all that met her would aagree the world is a better place because she's been in it. >> in newtown, connecticut, an outpouring of kindness and compassion while a nation faced hard questions about mental health and guns. as the president issued an emotional call for action. >> for those of us who remain, let us find the strength to carry on and make our country worthy of their memory. >> and a programming note. you can see more of our top ten of 2012 special. stories that captured the country's attention. it also includes the biggest stories in politics, money and even scandals. it airs christmas night at 7:00 p.m. eastern time. >>> he beat out olympic athle s athletes, tv personalities and a long list of humanitarians around the globe. you may be shocked to find out which world leader won "time" magazine's person of
% of all the medications we prescribe, the test speed up border, the procedures. >> dysfunction in the u.s. health care industry. the doctor on what hospitals will not tell you. his latest is unaccountable. tonight at 10:00 on afterward, on c-span2's book tv. >> supreme court will look coble was passed in 2008 by a majority of 623 and they will say that as president. and indiana had a -- >> they decided on the indiana case it was constitutional for them to establish id. they did not say the state to a subsequent -- >> let me finish. you misrepresented what i said. the supreme court as the law of the lan. >> when i hear these accusations that black people, voter id l affectproportionately minorities, -- to me if white americans can get id's to vote and to the processes to follow the laws, what are you telling black people? that somehow they are not good enough? they are lesser then? that is what bothers me about the rhetoric coming from democrats and the left. that we always have to make special -- to ask to be a specialist -- specialness but we deal with minorities because they are two peo
to a bed, and never saw a judge. u.s. lawmakers and diplomats got involved on hammer's behalf and convinced mexican authorities to release him. >>> we'll talk more than in a moment. first a serious subject. this hour we take a tough look at the gun control debate and how much mental health may play a role, and if we can identify the next shooter before he takes a shot. first, we'd like to take a moment. a reminder of what is at stake here. today marked the final three funerals of the victims of the newtown, connecticut, shooting, and we've already buried six educators and 17 children. people stolen from their friends, from their family, from all of us. this is ana grace marquez, marquez-greene who loved to count and sing. josephine grace gay, who just celebrated her seventh birthday, and emilie alice parker, who was bright, creative and very loving. so let's have a conversation. it will probably make you angry. now, being angry is not a bad thing. it means this matters to you. gun control, in fact, that phrase alone may enrage some people. how about gun rights? this is one of those topics t
indicated, it includes a $2 trillion tax increase over ten years, the biggest real-dollar tax increase in u.s. history. it increases taxes on nearly one million small businesses in the middle of a jobs crisis. according to ernst & young, this type of rate hike would cause more than 700,000 americans to lose their jobs. it raises taxes on investment income, harming economic growth even more. it includes tens of billions of dollars in more washington spending in a deal supposedly to cut the deficit. and most outrageous of all, it gives the president of the united states unilateral power to raise the limit on the federal credit card, the so-called debt ceiling, whenever he wants or as much as he wants. and while i'm flattered the administration has taken to calling this the -- quote -- "mcconnell provision" they seemed to have forgotten how this worked in the budget control act. we gave the president the authority then to request a debt ceiling increase, but that was only after the white house agreed to $2 trillion in cuts to washington spending and agreed to be bound by the timing and amount se
Search Results 0 to 25 of about 26 (some duplicates have been removed)